Stephen Lockwood - Mullen Independent Director

MTL Stock  CAD 15.47  0.13  0.85%   

Director

Mr. Stephen H. Lockwood Q.C. is an Independent Director of Mullen Group Ltd. Mr. Lockwood is President and Chief Operating Officer of ATCO Structures Logistics Ltd., a global infrastructure company. Prior to his current positon, Mr. Lockwood was the President and CoChief Executive Officer of Mullen Group Ltd. until June 30, 2014, positions he held since September 2004 since 2014.
Age 63
Tenure 10 years
Address 121A-31 Southridge Drive, Okotoks, AB, Canada, T1S 2N3
Phone403 995 5200
Webhttps://www.mullen-group.com
Lockwood earned a Bachelor of Commerce degree from the University of Alberta in 1978 and a Bachelor of Laws degree from the University of Calgary in 1981.

Mullen Management Efficiency

The company has return on total asset (ROA) of 0.0601 % which means that it generated a profit of $0.0601 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.124 %, meaning that it generated $0.124 on every $100 dollars invested by stockholders. Mullen's management efficiency ratios could be used to measure how well Mullen manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Mullen's Return On Tangible Assets are very stable compared to the past year. As of the 22nd of November 2024, Return On Assets is likely to grow to 0.07, while Return On Capital Employed is likely to drop 0.18. At this time, Mullen's Other Current Assets are very stable compared to the past year. As of the 22nd of November 2024, Return On Tangible Assets is likely to grow to 0.09, while Total Assets are likely to drop about 1.4 B.
Mullen Group has accumulated 764.08 M in total debt with debt to equity ratio (D/E) of 0.7, which is about average as compared to similar companies. Mullen Group has a current ratio of 2.87, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Mullen until it has trouble settling it off, either with new capital or with free cash flow. So, Mullen's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Mullen Group sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Mullen to invest in growth at high rates of return. When we think about Mullen's use of debt, we should always consider it together with cash and equity.

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Mullen Group Ltd. provides trucking and logistics services in Canada and the United States. Mullen Group Ltd. was founded in 1949 and is headquartered in Okotoks, Canada. MULLEN GROUP operates under Trucking classification in Canada and is traded on Toronto Stock Exchange. It employs 6124 people. Mullen Group (MTL) is traded on Toronto Exchange in Canada and employs 7,400 people. Mullen is listed under Ground Transportation category by Fama And French industry classification.

Management Performance

Mullen Group Leadership Team

Elected by the shareholders, the Mullen's board of directors comprises two types of representatives: Mullen inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Mullen. The board's role is to monitor Mullen's management team and ensure that shareholders' interests are well served. Mullen's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Mullen's outside directors are responsible for providing unbiased perspectives on the board's policies.
Murray Mullen, Chairman of the Board, President, Chief Executive Officer
P Clark, Chief Financial Officer
Joanna Scott, Corporate Secretary and Vice President - Corporate Services
Christine McGinley, Independent Director
Stephen CMA, Financial Officer
David Mullen, Director
Stephen Lockwood, Independent Director
Sonia Tibbatts, Lead Independent Director
Lee Hellyer, Vice Operations
Carson Urlacher, Corporate Controller
Richard Maloney, Senior Vice President
Philip Scherman, Independent Director

Mullen Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Mullen a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Mullen

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Mullen position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Mullen will appreciate offsetting losses from the drop in the long position's value.

Moving together with Mullen Stock

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  0.8AMZN Amazon CDRPairCorr
  0.84JPM JPMorgan ChasePairCorr

Moving against Mullen Stock

  0.46VZ Verizon CommunicationsPairCorr
The ability to find closely correlated positions to Mullen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mullen when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Mullen - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Mullen Group to buy it.
The correlation of Mullen is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mullen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mullen Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Mullen can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Mullen Stock

Mullen financial ratios help investors to determine whether Mullen Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Mullen with respect to the benefits of owning Mullen security.